FS Bancorp Increases Quarterly Dividend From $0.26 To $0.27 Per Share; Approves New Share Repurchase Plan Authorizing The Repurchase Of Up To $5M In Shares Of Outstanding Common Stock

Author: Benzinga Newsdesk | July 23, 2024 04:39pm

 

"I am pleased with our financial results for the second quarter, and I am excited about Matthew D. Mullet's recent well-deserved promotion to Bank President," stated Joe Adams, CEO. "Matthew will make a great president and we are both thankful to our Board of Directors for increasing our forty-sixth consecutive quarterly cash dividend by $0.01 to $0.27 per common share and expanding our share repurchase plan, demonstrating our continued commitment to enhancing shareholder value.  The cash dividend will be paid on August 21, 2024, to shareholders of record as of August 7, 2024," concluded Adams.

• The Company repurchased 73,000 shares of its common stock in the second quarter of 2024 at an average price of $32.84 per share.  In addition, as previously announced, the Board approved a new share repurchase plan authorizing the repurchase of up to $5.0 million in shares of the Company's outstanding common stock;

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